Automotive Industry

cross-posted from: https://lemm.ee/post/62744751

Now it appears that Chery, China’s fourth-largest carmaker, which sold 2,603,916 vehicles in 2024 through its nine brands and joint ventures including with Jaguar Land Rover, is close to finalizing a deal to take over the two plants as it prepares to expand into European markets.

If it comes to an agreement to purchase the two German plants, it intends to manufacture models for its brand-new Lepas brand that was launched only a few weeks ago, on April 2, and sells modified versions of Chery‘s Tiggo range that will be available in global markets. European-made models will include two compact and one midsize SUVs with combustion, plug-in hybrid or all-electric powertrains.

Chery is no stranger to building cars in Europe in an effort to avoid the hefty taxes imposed on Chinese EVs by the EU as, since 2024, it has been assembling cars at a former Nissan factory in Barcelona, Spain in partnership with local firm Ebro.

cross-posted from: https://lemm.ee/post/62656112

The Alliance for Automotive Innovation, which represents General Motors, Toyota, Volkswagen, Hyundai and other major automakers said in a letter released Monday car companies could soon be "forced to substantially reduce the number of overall vehicles for sale to inflate their proportion of electric vehicles sales."

Overall, sales of Chinese car brands in Europe increased again in the first quarter. However, manufacturers achieved this growth by bringing more combustion-engine and hybrid vehicles into Europe – both not affected by the EU’s special tariffs on China-made EVs.

Code: https://gitee.com/haloos